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First Abu Dhabi Bank could be reconsidering a takeover offer for the London-listed banking giant worth up to 35 billion dollars, reports said.
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Shares in global bank Standard Chartered have jumped by about a tenth as fresh reports emerged that the largest bank in the United Arab Emirates could be reconsidering a multi-billion dollar takeover offer.
First Abu Dhabi Bank (FAB) said in December that it had been mulling a takeover bid, but that the possible offer had been abandoned.
On Thursday, it emerged that FAB could again be considering a bid for the London-listed banking giant worth 30 to 35 billion US dollars (£24.7 billion to £28.8 billion), according to reports from Bloomberg.
Standard Chartered declined to comment and FAB could not immediately be reached for comment.
But the…
Anna Wise
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